Honda, Nissan start talking merger as Japan's auto sector continues to struggle in the EV era
Trending News
3 weeks, 3 days ago

Honda, Nissan start talking merger as Japan's auto sector continues to struggle in the EV era

Firstpost  

If finalised, the merger bewteen Honda and Nissan would unite the assets of Japan’s second- and third-largest carmakers, creating a more robust contender to challenge market leaders like Toyota, Tesla, and rising Chinese EV brands Honda and Nissan have already signalled their intent to collaborate in the EV sector earlier this year. Image Credit: Reuters Honda and Nissan, two of Japan’s largest automakers, are reportedly in talks to merge, signalling a potential shake-up in the global automotive industry. If finalised, this merger would unite the assets of Japan’s second- and third-largest carmakers, creating a more robust contender to challenge market leaders like Toyota, Tesla, and rising Chinese EV brands. With shifting policies and fierce competition, Honda and Nissan’s potential merger could be a critical step in ensuring their survival and success in this evolving landscape.

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History of this topic

Honda and Nissan are looking to merge. Who’s next?
1 week, 1 day ago

Honda and Nissan are looking to merge. Who’s next?

CNN  

New York CNN — Honda and Nissan are the latest automakers to discuss combining forces. “I don’t think Honda-Nissan will cause more deals to take place, although it could accelerate them.” The factors driving possible deals, from technological change and the industry’s huge appetite for R&D and capital spending to thin profit margins, are numerous and powerful. “When you’re in …

Honda-Nissan potential merger amid China competition raises questions about timing
2 weeks, 2 days ago

Honda-Nissan potential merger amid China competition raises questions about timing

Live Mint  

The Honda Motor Co. and Nissan Motor Co.'s potential new venture to create a Japanese automotive behemoth amid intense competition from the Chinese rivals raises questions about the timing of the deal, reported the news agency Reuters on Wednesday, December 25. “Both companies lack compelling EV offerings, and the combined entity would still face the challenge of a new EV …

Honda, Nissan deal could be important for a comeback against China’s BYD
2 weeks, 2 days ago

Honda, Nissan deal could be important for a comeback against China’s BYD

Hindustan Times  

A Honda Motor Co. and Nissan Motor Co. combination could give the two struggling Japanese brands the scale to take on China’s BYD Co., sales figures released Wednesday show. China’s biggest automaker BYD sold 3.76 million vehicles over the same period, a clear illustration of how weak Nissan and Honda are alone, but how together, they may stand a fighting …

Nissan, Honda to merge to take on global competition
2 weeks, 3 days ago

Nissan, Honda to merge to take on global competition

Deccan Chronicle  

Pune: Two Japanese giant automakers Honda and Nissan are in talks to merge by 2026, they said on Tuesday, indicating that they plan to take on the Chinese EV makers who now pose a threat to the world's long-dominant legacy car makers. The merger would also give the two companies scale and a chance to share resources in the face …

Honda’s lower margins in Automotive Business pose risks in Honda-Nissan deal: Moody’s
2 weeks, 3 days ago

Honda’s lower margins in Automotive Business pose risks in Honda-Nissan deal: Moody’s

Live Mint  

Japanese automobile manufacturers Honda and Nissan agreed to start discussions about a merger on Monday, December 23. The rating agency said that Honda's lower margins in its automotive business compared to its motorcycle business are set to give less flexibility to absorb Nissan’s loss-making auto operations, according to Dean Enjo, VP-senior analyst at Moody’s, cited the news agency. The analyst …

Honda-Nissan: As merger discussions begin, see where 2 companies stand in India
2 weeks, 4 days ago

Honda-Nissan: As merger discussions begin, see where 2 companies stand in India

India Today  

Japanese auto majors Honda Motor Company and Nissan Motor Company have signed a pact to start merger discussions. Performance in the domestic market Honda Cars India and Nissan Motor India, the Indian arms of Japanese companies, are facing headwinds in the domestic market for multiple reasons. In the domestic market, Honda sold 85,609 units in FY22, 91,418 units in FY23 …

What a merger between Nissan and Honda means for the automakers and the industry
Trending News
2 weeks, 4 days ago

What a merger between Nissan and Honda means for the automakers and the industry

Associated Press  

BANGKOK — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. Nissan has truck-based body-on-frame large SUVs such as the Armada and Infiniti QX80 that Honda doesn’t have, with large towing capacities and good off-road performance, said Sam Fiorani, …

What a merger between Nissan and Honda means for the automakers and the industry
2 weeks, 4 days ago

What a merger between Nissan and Honda means for the automakers and the industry

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japanese automakers Honda and Nissan …

Nissan, Honda announce plans to merge, creating world's No. 3 automaker
Top News
2 weeks, 4 days ago

Nissan, Honda announce plans to merge, creating world's No. 3 automaker

Deccan Chronicle  

Tokyo: Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. Toyota has technology partnerships with Japan’s Mazda Motor Corp. and Subaru Corp. News of a possible merger surfaced earlier this month, with unconfirmed reports saying that …

Honda, Nissan say they plan to merge in 2026
2 weeks, 4 days ago

Honda, Nissan say they plan to merge in 2026

Live Mint  

TOKYO—Honda and Nissan said they planned to merge in 2026, a move that has won Japanese government backing to keep the nation’s status as a leader in car manufacturing. “We realized that the synergy effects were greater than expected," and that helped push forward the merger plan, he said at a news conference. Muto, while declining to discuss the Honda-Nissan …

Honda and Nissan officially kickstart merger talks, sign MoU
2 weeks, 5 days ago

Honda and Nissan officially kickstart merger talks, sign MoU

Hindustan Times  

Honda Motor Co. Ltd and Nissan Motor Co. Ltd have signed a memorandum of understanding to consider merging their businesses together, announced the automakers in a joint statement on Monday, December 23, 2024. Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo, Japan March 15, 2024 …

Nissan, Honda expected to announce plans to merge, creating world’s number 3 automaker
2 weeks, 5 days ago

Nissan, Honda expected to announce plans to merge, creating world’s number 3 automaker

Live Mint  

Tokyo, Dec 23 Japanese automakers Nissan and Honda were expected to announce Monday that they are in talks on a merger that would catapult them to No. The two companies, and smaller Nissan alliance member Mitsubishi Motors, said their top executives would hold a news conference later in the day. Together, Honda and the Nissan alliance with Renault SA of …

Nissan and Honda to attempt a merger that would create the world’s No. 3 automaker
2 weeks, 5 days ago

Nissan and Honda to attempt a merger that would create the world’s No. 3 automaker

Associated Press  

TOKYO — Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels. Toyota has technology partnerships with Japan’s Mazda Motor Corp. and Subaru Corp. News of a possible merger surfaced earlier this month, with unconfirmed …

Honda and Nissan expected to begin merger talks
2 weeks, 5 days ago

Honda and Nissan expected to begin merger talks

Deccan Chronicle  

TOKYO: Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants catch up with Chinese rivals and Tesla on electric vehicles. Honda and Nissan -- Japan's number two and three automakers after Toyota -- are aiming to finalise a merger deal in June 2025, several media outlets said. Mitsubishi Motors, …

Nissan and Honda announce merger talks amid a rapidly changing global market
Top News
2 weeks, 5 days ago

Nissan and Honda announce merger talks amid a rapidly changing global market

NPR  

Nissan and Honda announce merger talks amid a rapidly changing global market toggle caption AP/Kyodo News TOKYO — Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world's third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. Together, Honda and the Nissan alliance with Renault SA …

Nissan, Honda announce merger, creating world’s third-largest carmaker
2 weeks, 5 days ago

Nissan, Honda announce merger, creating world’s third-largest carmaker

Al Jazeera  

Plans, which include Mitsubishi, announced as Japan tries to gain foothold in electric vehicle market. Japan’s Honda and Nissan are planning a merger, which would create the world’s third-largest carmaker as the industry pivots away from fossil fuels. Honda, currently Japan’s second-largest carmaker, is widely viewed as the only national partner able to rescue Nissan, which has struggled since former …

Nissan, Honda announce plans to merge
Top News
2 weeks, 5 days ago

Nissan, Honda announce plans to merge

New Indian Express  

TOKYO: Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world’s third-largest automaker by sales. The plans come as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had …

Nissan and Honda to attempt a merger that would create the world’s No. 3 automaker
2 weeks, 5 days ago

Nissan and Honda to attempt a merger that would create the world’s No. 3 automaker

LA Times  

Chief executives Makoto Uchida of Nissan, from left, Takao Kato of Mitsubishi and Toshihiro Mibe of Honda leave a joint news conference Monday in Tokyo. Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels. …

Nissan needs a Honda rescue. What went so wrong?
2 weeks, 6 days ago

Nissan needs a Honda rescue. What went so wrong?

Live Mint  

Nissan, once a symbol of Japan’s carmaking prowess, spent the past five years trying to regain its footing after the arrest of longtime leader Carlos Ghosn, only to find itself in a precarious spot again. The idea of two of Japan’s biggest rival brands cohabiting under the same roof would once have been considered absurd, but the companies have grown …

Honda, Nissan mull manufacturing partnership: Report
2 weeks, 6 days ago

Honda, Nissan mull manufacturing partnership: Report

Live Mint  

Amid reports of potential merger between Honda Motor Co. and Nissan Motor Co., Japan’s two automakers are mulling a partnership in manufacturing in which they will build vehicles in one another's factories as part of their plan to deepen ties, a report by news agency Kyodo said on Saturday. The two “car manufacturers are expected to announce Monday that they …

Honda-Nissan merger: EV boom cutting off auto giants' vroom?
3 weeks, 1 day ago

Honda-Nissan merger: EV boom cutting off auto giants' vroom?

India Today  

Two of the world’s giant carmakers, Nissan and Honda, are taking steps towards a merger. While Honda’s net profit slumped by 19.7 per cent, Nissan’s fell drastically by 93.5 per cent. Rise of EVs “Electric car sales keep rising and could reach around 17 million in 2024, accounting for more than one in five cars sold worldwide," the Global EV …

A tie-up between Honda and Nissan will not fix their problems
3 weeks, 2 days ago

A tie-up between Honda and Nissan will not fix their problems

Live Mint  

Honda put nostalgia to the fore on December 18th when it announced that the Prelude, a nameplate last produced some 25 years ago, now being relaunched as a hybrid-electric, would come with the option of a system that simulates gear changes and combustion-engine noises. It is considering merging with Nissan, a floundering domestic rival, to create the world’s third-largest carmaker …

Nissan-Honda Merger: Impact on Automakers and Industry
3 weeks, 2 days ago

Nissan-Honda Merger: Impact on Automakers and Industry

Deccan Chronicle  

An industry shakeup The ascent of Chinese automakers is rattling the industry at a time when manufacturers are struggling to shift from fossil fuel-driven vehicles to electrics. Relatively inexpensive EVs from China's BYD, Great Wall and Nio are eating into the market shares of U.S. and Japanese car companies in China and elsewhere.Japanese automakers have lagged behind big rivals in …

Nissan-Honda merger talks could strengthen India play amid competitive market
3 weeks, 2 days ago

Nissan-Honda merger talks could strengthen India play amid competitive market

Live Mint  

Japan's Nissan Motor Co. and Honda Motor Co. have begun discussions about a potential merger, Japanese news wire Nikkei reported. If the talks materialize, the merger could benefit significantly their India operations, providing much-needed investment and product portfolio enhancements to strengthen their presence in one of the world’s most competitive automotive markets. A struggling Indian market play In India, Nissan …

Honda explores Nissan rescue with Foxconn also in hunt for stake: WSJ
3 weeks, 2 days ago

Honda explores Nissan rescue with Foxconn also in hunt for stake: WSJ

China Daily  

Xinhua | Updated: 2024-12-19 13:26 The emblem of Japanese automaker Nissan Motor is seen at a showroom in Yokohama, Japan, on May 9, 2024. NEW YORK -- Honda Motor Co is in talks to come to the aid of Nissan Motor Co by potentially forming the world's third-largest carmaker in order to better withstand escalating challenges for the global auto …

The China shock behind the Honda-Nissan merger talks
3 weeks, 2 days ago

The China shock behind the Honda-Nissan merger talks

Live Mint  

BEIJING—The rise of Chinese carmakers is reconfiguring the global auto industry, with merger talks between Honda and Nissan the latest example of companies trying to respond to the competitive threat. The Honda-Nissan combination would be aimed at combating the Chinese push by combining the Japanese carmakers’ efforts in EV technology, autonomous driving and other areas where China is strong, analysts …

Honda and Nissan say they are exploring merger
3 weeks, 2 days ago

Honda and Nissan say they are exploring merger

Live Mint  

Japanese carmakers Honda and Nissan said they were exploring a merger following business troubles at Nissan in the U.S. and China. Nissan has also posted weaker results in the U.S. A combination would allow Honda and Nissan to seek synergies in purchasing and technology development, but it would also present challenges for two companies with different cultures and partly overlapping …

Honda and Nissan talk potential merger to compete with Tesla and Chinese EV makers
Top News
3 weeks, 3 days ago

Honda and Nissan talk potential merger to compete with Tesla and Chinese EV makers

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Top Japanese carmakers Honda and Nissan could join forces to compete with Chinese rivals in …

Japanese carmakers Honda, Nissan in preliminary merger talks: reports
Top News
3 weeks, 3 days ago

Japanese carmakers Honda, Nissan in preliminary merger talks: reports

Deccan Chronicle  

Tokyo: Japanese auto giants Honda and Nissan are in preliminary merger talks to help them compete against Tesla and Chinese electric vehicle makers, media reports said Wednesday. Honda announced plans in May to double investment in electric vehicles to $65 billion by 2030, part of its ambitious target set three years ago of achieving 100 percent EV sales by 2040. …

Japan's Honda and Nissan in preliminary merger talks: reports
3 weeks, 3 days ago

Japan's Honda and Nissan in preliminary merger talks: reports

The Hindu  

Japanese auto giants Honda and Nissan are in preliminary merger talks, according to media reports on Wednesday, adding that a tie-up would aim to help them better compete against Tesla and Chinese electric vehicle makers. "We are discussing possibilities for cooperation between Honda and Nissan in the future, in a wide range of fields and in various areas, and those …

What a merger between Nissan and Honda could mean for the automakers and the industry
3 weeks, 3 days ago

What a merger between Nissan and Honda could mean for the automakers and the industry

Associated Press  

BANGKOK — Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger. Nissan’s share price soared nearly 24% in Tokyo after reports citing unnamed sources said it might merge with Honda to form the world’s third-largest automaking group. “Nissan does have some product segments …

Honda, Nissan to form single holding company, MoU to be signed soon: Reports
3 weeks, 3 days ago

Honda, Nissan to form single holding company, MoU to be signed soon: Reports

Hindustan Times  

Honda and Nissan, the second and third-largest carmakers in Japan after Toyota, are reportedly considering a merger which would see them operate under a single holding company and challenge their compatriot, the largest carmaker in that country. FILE PHOTO: Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference …

Nissan, Honda begin merger talks; to set up holding company, says report
3 weeks, 3 days ago

Nissan, Honda begin merger talks; to set up holding company, says report

Live Mint  

Honda Motor Co. and Nissan Motor Co. are reportedly exploring a potential merger that could reshape the Japanese automotive industry and create a significant rival to Toyota Motor Corp. Sources familiar with the matter disclosed that the discussions are in the early stages and could include options such as a merger, capital tie-up, or the creation of a holding company, …

Honda and Nissan are in merger talks
3 weeks, 4 days ago

Honda and Nissan are in merger talks

CNN  

CNN — Honda and Nissan are discussing a possible merger, potentially bringing together two Japanese automaking titans that have recently fallen on hard times. “As announced in March, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other’s strengths,” the companies said in a statement Tuesday. “If there are any updates, we will inform our stakeholders at …

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war
1 month, 1 week ago

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war

Firstpost  

BYD’s aggressive pricing strategy appears to be paying off — the Chinese EV maker recently overtook Tesla in revenue for the first time, reporting a gross margin of 21.9 per cent, its highest in a year Unlike some of its rivals, BYD has not only weathered the price war but emerged stronger. The leaked email highlights BYD’s readiness to further …

Japan rivals Nissan and Honda will share EV components and AI research as they play catch up
5 months, 1 week ago

Japan rivals Nissan and Honda will share EV components and AI research as they play catch up

Associated Press  

TOKYO — Japanese automakers Nissan and Honda say they plan to share components for electric vehicles like batteries and jointly research software for autonomous driving. “Companies that don’t adapt to the changes cannot survive,” said Honda Chief Executive Toshihiro Mibe. By coming together in what Mibe and counterpart at Nissan, Makoto Uchida, repeatedly called “making friends” to achieve economies of …

Mitsubishi to join Honda-Nissan alliance
5 months, 1 week ago

Mitsubishi to join Honda-Nissan alliance

China Daily  

A Mitsubishi Motors sign is pictured next to a Mitsubishi Motors electric car at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. Japan's Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, according to the Nikkei newspaper. Mitsubishi Motors, which is 34 percent owned by Nissan, will work with Honda and Nissan to …

Japan’s Nissan promises an aggressive electrification push to cut costs and boost global sales
9 months, 2 weeks ago

Japan’s Nissan promises an aggressive electrification push to cut costs and boost global sales

Associated Press  

TOKYO — Nissan will expand its electric vehicle lineup, develop more powerful batteries and cut production costs, while speeding up the whole process, in what the Japanese automaker’s chief called “The Arc” pathway to higher sales by 2030. Last year, Nissan Motor Co. sold nearly 3.4 million vehicles around the world, up about 5% from the previous year. Nissan plans …

Fierce rivals Honda and Nissan join forces to take on Chinese car makers
9 months, 3 weeks ago

Fierce rivals Honda and Nissan join forces to take on Chinese car makers

ABC  

In short: Honda and Nissan have signed a new alliance to work together on EV technology. Rival Japanese car makers Honda and Nissan have announced they will work together to develop electric vehicle technology and auto intelligence – two sectors where Japan's automakers have fallen behind. Honda president Toshihiro Mibe said the companies shared common values and could create "synergies" …

Honda and Nissan agree to work together in developing electric vehicles and intelligent technology
9 months, 3 weeks ago

Honda and Nissan agree to work together in developing electric vehicles and intelligent technology

Associated Press  

TOKYO — Nissan and Honda announced Friday that they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese automakers have fallen behind. The chief executives of Nissan Motor Co. and Honda Motor Co. appeared together at a news conference in Tokyo to announce that Japan’s second and third biggest automakers will look into areas with …

Honda and General Motors end ‘affordable’ EV partnership
1 year, 2 months ago

Honda and General Motors end ‘affordable’ EV partnership

Live Mint  

Japanese automaker Honda and United States giant General Motors have jointly announced the discontinuation of their partnership aimed at producing affordable electric vehicles from 2027, AFP reported. GM's statement earlier this week also indicated they are moderating EV production in North America to protect pricing, adapt to reduced near-term demand growth, and implement engineering efficiency enhancements. Japanese automakers have faced …

Honda takes another crack at U.S. EV market with help from GM
1 year, 3 months ago

Honda takes another crack at U.S. EV market with help from GM

LA Times  

Honda’s E, an electric compact car, at the Brussels Expo in January. Honda Motor Co. is trying to crack into the U.S. market for electric vehicles with a new model and an old strategy: If you can’t beat ’em, join ’em. With an estimated 300 miles per battery charge and a price tag in the high-$40,000 range, the Prologue is …

Renault, Nissan to Drop Common Alliance Purchasing Organization
1 year, 3 months ago

Renault, Nissan to Drop Common Alliance Purchasing Organization

Live Mint  

Renault SA and Nissan Motor Co. are letting go of their common purchasing organization in favor of a new, project-by-project set-up, a sign the carmakers are growing further apart after striking a broader deal to rebalance their troubled alliance. By the end of the year, the alliance’s common purchasing organization — viewed as one of the most successful elements of …

Why the transition to electric cars looms large in UAW talks with Big 3 automakers
1 year, 3 months ago

Why the transition to electric cars looms large in UAW talks with Big 3 automakers

NPR  

Why the transition to electric cars looms large in UAW talks with Big 3 automakers Enlarge this image toggle caption Jeff Kowalsky/AFP via Getty Images Jeff Kowalsky/AFP via Getty Images "Every auto job a good job." It's a statement that United Auto Workers have been carrying on signs lately as the union and the Big Three Detroit automakers engage in …

Renault to reduce stake in Nissan, rebalancing alliance
1 year, 11 months ago

Renault to reduce stake in Nissan, rebalancing alliance

Deccan Chronicle  

TOKYO: French automaker Renault will slash its stake in Japanese partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the firms said Monday. Renault will reduce its stake from 43.4 percent to 15 percent, the same size as Nissan's stake in its French counterpart, in what the firms said would produce "a balanced governance". …

Nissan-Renault in talks to optimise electric vehicles: Report
2 years, 2 months ago

Nissan-Renault in talks to optimise electric vehicles: Report

Hindustan Times  

Nissan Motor Co's negotiations with its partner and top shareholder Renault SA are focused on optimising their investment in electric vehicles and improving the competitiveness of the alliance, the Japanese automaker's CEO told Reuters on Friday. The automakers said last month they were in discussions about the future of an alliance founded in 1999 when Renault took a stake in …

Honda goes all in on electric cars in stark contrast to Toyota
3 years, 6 months ago

Honda goes all in on electric cars in stark contrast to Toyota

Live Mint  

In Japan, where hybrid cars dominate, what Akio Toyoda says matters. In March, Honda formed a consortium with Yamaha Motor Co., KTM AG and Italy’s Piaggio & C SpA to develop swappable battery standards for electric two-wheelers, tricycles and quadricycles as the fall in global lithium-ion battery prices lures high-volume manufacturers further into the motorcycle market. Honda “won’t hesitate” to …

Apple car: Why Hyundai could make a good partner
4 years ago

Apple car: Why Hyundai could make a good partner

CNN  

London CNN Business — Apple is reportedly in talks with Hyundai about cooperating on electric cars. Hyundai said in a statement only that “we are receiving proposals for cooperation from various companies, but no decision has been made.” Apple CEO Tim Cook speaks during a conference in San Francisco in 2019. David Paul Morris/Bloomberg/Getty Images Wedbush Securities analyst Daniel Ives …

Honda, General Motors sign deal to work on vehicles together
4 years, 4 months ago

Honda, General Motors sign deal to work on vehicles together

Associated Press  

DETROIT — General Motors and Honda are moving toward an alliance in North America to share vehicle development and technology costs as the industry moves toward electric and autonomous vehicles. “They’re trying to get to the other side here on an expensive vehicle development process, and being able to do that as efficiently as possible.” No details were given on …

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